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Estimated Market Cap 1,179,633 as of May 22, 2008 Outstanding Shares 168,518,988 as of Apr 15, 2008 Authorized Shares 500,000,000 as of May 23, 2008 Number of Share Holders of Record 1,775 as of May 19, 2008 Float 32,888,388 as of May 19, 2008
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Good Life China Corp (GLCC) Greets Director of German and East Asia Trade Relation Tuesday 05/27/2008 8:27 AM ET - Pr Newswire
Related Companies Symbol Last %Chg GLCC 0.026 52.94%
As of 10:10 AM ET 5/27/08 Good Life China Corp is pleased to announce that it has completed its meetings and discussions with Mr. Gerhaman Mire, Director of German and East Asia Trade Relation Dept. The German delegation visited the headquarters of Goodlife in Hebei accompanied by Director of market system construction department of Hebei Commerce Ms. Ma Zhongyu, and the Deputy Director of International relation department of Hebei Commerce Mr. Gu Sanlong. Mr. Gerhaman Mire was particularly interested on the exploration of rural market by Goodlife. Mr Mire expressed praise to the mode of the e-business operation and logistics distribution of Good Life.
Ms. Dong Mai Jia, Good Life CEO, said "Good Life has entered into a tremendous growth stage. Just to put all of this in focus, our Distribution Turnover to Stores, from 2005 to the first quarter of 2008 are as follows:
We do not hide the fact that we are disturbed by the recent unexplained massive and rapid share price decline. We are exploring every opportunity to see our share price resumed or returned to its previous levels. This has become GLCC and our IR advisory team's top priority. If this means moving to another exchange, doing a spin off or a split off, we are examining all of our options as we move forward towards reaching our goals."
About Good Life China Corporation
Good Life China Corporation operates a rapidly growing chain of franchised convenience stores based in Hebei Province, China. It employs advanced retail concepts such as e-commerce enabled POS/back office systems, and achieves significant economies of scale on the supply side of the business. It will be expanding geographically to neighboring Provinces, as well as offering a growing number of additional products and services, such as financial products, as it moves forward.
The Company's North American operations comprise a number of online sub prime financial services, including; the Money Lending Business.com; Forex Trading; and Advanced Electronic Funds Management.
ood Life China Corp (GLCC) obtains current information status with PINKSHEETS.COM Wednesday 05/28/2008 8:39 AM ET - Pr Newswire Related Companies Symbol Last %Chg GLCC 0.035 29.63% As of 10:00 AM ET 5/28/08 (PINKSHEETS: GLCC) announces today that the Company has met the necessary disclosure criterion, receiving a "CURRENT INFORMATION" status with PINKSHEETS.COM. The Company filed necessary financials and other corporate information with PINKSHEETS, which provides transparent information about the Company and its business on-goings. The Company will continue to adhere to these transparency requirements to maintain itself as a "CURRENT INFORMATION" tier quoted entity see: http://www.pinksheets.com/pink/otcguide/investors_market_tiers.jsp Garr Winters, GLCC Secretary, stated, "We had hoped to achieve this level by the end of 2007 followed by becoming a reporting issuer with SEC, and moving on to a different exchange. We continue to maintain these aspirations. After a number of months, PINKSHEETS.COM allocated the highest possible level of transparence available to GLCC. We believe this will help further the Company's creditability throughout the domestic and International investment communities. This 'CURRENT INFORMATION' tier quoted status will help the Company attract new investors, new vendors and others who can now, with ease, complete due diligence on Good Life China. Dong Mai Jia added, "GLCC recently paid out two separate dividend tranches as dividend and as RESTRICTED stock. It has also come to our attention that the 1st tranche has possibly made their way through the system and booked as free trading shares by some broker dealers. We are also hearing that some of the retail dividend recipients may have already sold their positions which may have contributed to our recent massive and rapid share price decline. Our IR tells us that that they have received quite a few inquiries from the designated recipients of the 2nd tranche who claim that they have yet still to receive their dividends. All of these shareholders have purchased their stock on the street, making it virtually impossible for the company to manage the process. We have requested from our corporate IR team, and advisors to follow up on all of this and we will act accordingly". On the business front, Good life is pleased to report that 8 additional new stores were launched this week. 6 are in Cangzhou, one is in Beijing, and one is in Shijiazhuang. 2 new suppliers with audited on line transactions of (Yuan)1,122,300. The sum of distribution is (Yuan)785,600. The income of member attestation is (Yuan)16,000. The income of distribution is (Yuan)33,000. All sums are reported in Chinese Yuan and converted into USD on GLCC statements and filings.
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Good Life China Corp (GLCC) Completes Agreement With Beijing SJJJF Supermarket Chain
2008-05-29 10:44 ET - News Release
BEIJING, May 29 /PRNewswire-FirstCall/ - PINKSHEETS: is pleased to announce that Haorizi Logistics GLCC's operating subsidiary and Beijing SJJJF Supermarket Chain, (SJJ) completed a joint operating agreement on logistics and information services. The Director of Beijing Municipal Bureau of Commerce Lei Kun, President of Chainstore & Franchise Association Li Xiuzhen and other officers attended the signing ceremony.
SJJ controls a powerful network of retail supermarket chains in the whole country of mainland China, with strong presence in Beijing and surrounding areas. At present, SJJ has 550 chain stores, including 24 direct stores and 426 franchised stores. The stores located in 15 districts and counties of Beijing currently control 83.33% market share of Beijing districts and counties. The joint agreement calls for Good Life to provide logistics distribution and information services to SJJ, on a revenue sharing basis.
GLCC CEO Dong Mai Jia said, "This is a mammoth contract for our logistical division and GLCC organization as a whole. We will be issuing further details of this transaction over the next couple of days, to allow the markets to simply absorb the magnitude of this transaction, and what this all means to GLCC, and our shareholders. Our expansion plans continue to be on target and show no signs of slowing down. The reserves we currently have in place, and the financial backing from our traditional sources indicate sustainability of growth for a prolonged period of time. This financial backing does not include several substantial proposals received from USA and Canadian corporate investors which we are currently entertaining. To sum it up, we are in great shape to reach our 20,000 store location by 2011, including our plans of building a total of 19 logistics centers, handling approximately 8,000 vendors, 50,000 network shops, and handling distribution of more than 50 billion yuan (nearly $7 billion USD) in products annually."
In other company news, GLCC announces today that the Company has passed a resolution to further reduce the authorized share structure currently at 500 million shares to 450 million shares. Mr. Yang, a company spokesperson, said, "Just to be clear this 50 million authorized share structure reduction is in addition to the recently announced and completed authorized share reduction, where GLCC reduced its authorized count from 2.5 billion to 500 million. GLCC is determined to see its share price returned to its proper and current valuation. As it stands now, with GLCC closing at just over 6 cents a share on May 28th 2008, the company has enough resources on hand to retire the entire 70 to 80 million float in a combination of free trading and restricted shares currently held by outsiders. If this means that this is the only way for us to receive satisfaction and reach our goals, this is an option available to us. Good Life is a serious and a determined company that enjoys close working relationships with other companies of same status and our share price needs to reflect this," concluded Mr Yang.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
Good Life China Corporation
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unbelievable.... To sum it up, we are in great shape to reach our 20,000 store location by 2011, including our plans of building a total of 19 logistics centers, handling approximately 8,000 vendors, 50,000 network shops, and handling distribution of more than 50 billion yuan (nearly $7 billion USD) in products annually."
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As it stands now, with GLCC closing at just over 6 cents a share on May 28th 2008, the company has enough resources on hand to retire the entire 70 to 80 million float in a combination of free trading and restricted shares currently held by outsiders. If this means that this is the only way for us to receive satisfaction and reach our goals, this is an option available to us. Good Life is a serious and a determined company that enjoys close working relationships with other companies of same status and our share price needs to reflect this," concluded Mr Yang.
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